Amid a turbulent crypto market, large investors, known as whales, are strategically accumulating major altcoins such as XRP, UNI, and ETH. XRP whales have acquired over 1 billion tokens, valued at approximately $2.54 billion, primarily through over-the-counter (OTC) deals, helping stabilize the token's price despite recent volatility. Meanwhile, Uniswap (UNI) saw a 12% rebound after whales purchased 660,000 tokens, valued at around $4 million, following a significant price drop.
Ethereum (ETH) also experienced substantial whale activity, with large sums being moved off exchanges, indicating long-term holding intentions. This was accompanied by hundreds of millions in OTC purchases, aiding a price recovery above $4,100. Despite some panic selling, the overall whale behavior suggests confidence in the long-term potential of these cryptocurrencies, as they continue to accumulate during market downturns.
Crypto Whales Accumulate XRP, UNI, and ETH Amid Market Downturn
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